Thats $7700 a year NOT including my accountant/Tax prep. 

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

This isn’t/wasn’t a loophole - just tax policy. 

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

If I do, I need to sell it by July 2026 in order to not have cap gains. We lived in two of the last five years up until July 2026.
I haven't been like I should watching the market like I should. I want to have more re...

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

Greetings!I am a resident of Virginia and purchased a rental property in West Virginia during 2024.  The 2 states have reciprocal agreements for wages and salaries.  I'm unsure if I have to file as Non-Resident in Wes...

I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

This will help attract more business to the state, keep it coming!